For the purposes of this title, the following words and phrases shall have the meanings respectively ascribed to them by this section:
ACT: The "condominium property act", as amended from time to time, of the state of Illinois.
AGENT: Any person, firm, partnership, association, joint venture, corporation or any other entity or combination of entities who represents or acts for or on behalf of a developer in selling or offering to sell any condominium unit.
BLANKET ENCUMBRANCE: A trust deed, mortgage, judgment or other lien or encumbrance, including an option or contract to sell or a trust agreement affecting a condominium, including any lien or other encumbrance arising as a result of the imposition of any tax assessment by a public authority.
BOARD OF MANAGERS OR BOARD: Those owners elected to administer the property at the time and in the manner provided by the declaration for the property and vested with the rights, titles, powers, privileges, trusts, duties and obligations imposed by the act, declaration and bylaws and until such persons are or must be elected shall mean the "developer" as herein defined.
CLOSING OF SALE: The operation of transferring ownership of a condominium unit to the purchaser from the developer through a deed of conveyance, or closing pursuant to articles of agreement or contract sale.
COMMON ELEMENTS: All portions of the property except the units, including limited common elements unless otherwise specified.
COMMISSIONER: The building commissioner of the village of Lake Villa.
CONDOMINIUM PROJECT: The sale of or a plan by a developer to sell residential condominium units in connection with a conversion condominium.
CONDOMINIUM UNIT OR UNIT: A separate three (3) dimensional area within the condominium identified as such in the declaration and on the condominium plat and shall include all improvements contained within such area except those excluded in the declaration.
CONVERSION CONDOMINIUM: A property improved with any building of more than four (4) dwelling units which contains structures, excepting those newly constructed and intended for condominium ownership, which are, or have previously been, wholly or partially occupied before recording of condominium instruments by persons other than those who have contracted for the purchase of condominiums.
DECLARATION: The declaration required by the Illinois condominium property act.
DEPARTMENT: The building department of the village of Lake Villa.
DEVELOPER: Any person, firm, partnership, association, joint venture or corporation or any other entity or combination of entities or any successors thereto, who undertake to develop a condominium project.
ELDERLY AND/OR HANDICAPPED: Elderly shall be deemed to be a person over the age of sixty (60) years. A handicapped person shall mean an individual suffering from a physical or mental disability to such an extent as to be eligible for disability benefits under the requirements of the social security administration, irrespective of whether said benefits are actually being received.
LIMITED COMMON ELEMENTS: A portion of the common elements so designated in the declaration as being reserved for the use of a certain unit or units to the exclusion of other units.
OFFER: Any inducement, solicitation, advertisement, publication or announcement by a developer to any person or the general public to encourage a person to purchase a condominium unit in a condominium project.
PERSON: An individual, firm, corporation, trustee or other legal entity recognized by law as the subject of rights and duties. The masculine, feminine, singular or plural is included in any circumstances.
PERSONAL PROPERTY: Individual items of personalty including, without limitation: refrigerator, range, garbage disposal, dishwasher, clothes washer, clothes dryer, decorating and floor covering and the like.
PLAT OF CONDOMINIUM: The plat of a duly licensed surveyor establishing and describing condominium units and common elements.
PROPERTY REPORT: The property report required in accordance with chapter 2 of this title.
PROSPECTIVE PURCHASER: A person who visits the condominium project site for the purpose of inspection for possible purchase or who requests a copy of the property report.
SITE: The lot or lots, tract or tracts of land, described in the declaration referred to in the Illinois condominium property act.
UNIT OWNER: The person or persons whose estates or interests, individually or collectively, aggregate fee single absolute ownership in a condominium unit.
VILLAGE: The village of Lake Villa. (Ord. 88-2-3)